Analysts at Benchmark Co. lowered their price target on shares of Google (NASDAQ: GOOG) to $625.00 in a research report issued to clients and investors on Monday. They currently have a “hold” rating on the company’s shares.
Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Google in a research note to investors on Tuesday, January 24th. They now have a $615.00 price target on the stock. Analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Google in a research note to investors on Friday, January 20th. Also, analysts at Citigroup (NYSE: C) cut their EPS estimates on shares of Google in a research note on Friday. They now have a “buy” rating and a $680.00 price target on the stock.
Google Inc. (Google) is focused on improving the ways people connect with information. The Company generates revenue primarily by delivering online advertising. The Company focuses on areas, such as search, advertising, operating systems and platforms, and enterprise. Businesses use its AdWords program to promote their products and services with targeted advertising. In addition, the third parties that comprise the Google Network use its AdSense program to deliver relevant ads that generate revenue and enhance the user experience. In February 2010, the Company acquired Aardvar and On2 Technologies, Inc. In May 2010, The Company acquired of AdMob, Inc. (AdMob). In August 2010, the Company acquired Slide, Inc. (Slide). In December 2010, the Company acquired Widevine Technologies, Inc. (Widevine). In April 2011, the Company acquired PushLife. In September 2011, the Company acquired Zagat.
Shares of Google traded down 0.57% during mid-day trading on Monday, hitting $576.67. Google has a 52 week low of $473.02 and a 52 week high of $670.25. The stock’s 50-day moving average is $623.9 and its 200-day moving average is $580.1. The company has a market cap of $187.5 billion and a P/E ratio of 19.49.